Monthly Archives: November 2018

Oil falls as high inventories outweigh likely OPEC cuts

Oil prices slipped further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. Both international oil benchmarks, North Sea Brent and U.S. light crude, have had their weakest month for more than 10 years in November, losing more than 20 percent

Coal scam: Delhi court holds ex-secy H C Gupta, others guilty of corruption

A Delhi court Friday held ex-coal secretary H C Gupta guilty of corruption and criminal conspiracy in a coal scam case relating to allotment of coal blocks in West Bengal. Besides Gupta, Special CBI Judge Bharat Parashar also convicted private firm Vikash Metals and Power Limited, one serving and one retired public servant ex-joint secretary

Asian LNG prices on downward spiral amid warm winter, high stocks

Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, falling to a four-month low as demand from top buyers Japan and China failed to materialise amid ample inventory. Spot prices for January delivery in North Asia were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents

Walking the tightrope

The six-month waiver on sanctions granted by the U.S. to India and seven other countries importing oil from Iran highlights the importance of economic factors in the India-U.S. strategic partnership. The exemption also puts the spotlight on the link between economics and strategy.